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$18,500,000
2 Days On Site

139 NE 1st St
Miami, FL 33132

For Sale|Hotel/Motel|Active
0
Beds
0
Full Baths
0
Partial Baths
43,265
SqFt
$428
/SqFt
1927
Built
County:
Miami-Dade

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139 NE 1st St139 NE 1st St139 NE 1st St139 NE 1st St
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Shovel-ready hotel development with rare cost saving advantages in Downtown Miami, steps from Miami Worldcenter,Brightline and major corporate hubs. This fully entitled 163 room, 17 story project includes plans, and demolition permits. The site qualifies for a 10 year AD VALOREM tax Exemption and an estimated $8.74M in HTC benefits, creating major Financial incentives. Located in one of Miami's Strongest hospitality markets, this prime investment opportunity offers luxury hotel plans with a rooftop pool and the option of a pre-negotiated Flag operator lease once developed, providing a turnkey, corporate-backed asset with substantial upside.

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Listing Snapshot
Price 
$18,500,000
Days On Site 
2 Days
Bedrooms 
N/A
Inside Area (SqFt) 
43,265 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
7,500 Acres
Year Built 
1927
MLS® Number 
A11775461
Status 
Active
Property Tax 
$93,196
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoListing first seen on site
2 days agoListing updated with changes from the MLS®
General Features
Property Sub Type 
Hotel/Motel
SqFt Total 
43265
Zoning 
6401
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Community Features
MLS Area 
41
Listing courtesy of Compass Florida, LLC

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Neighborhood & Commute
Source: Walkscore
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